Forget the debt crisis - it's the fiscal crisis we should worry about
Thursday, 22 August 2013
Produced by Catherine Zengerer
While the Coalition continues to tour Australia telling all in their path that Australia is in a crisis caused by debt, low productivity and the carbon tax, one economist is warning that we have a different crisis coming. Not a debt crisis, but a fiscal crisis.
Frank Stilwell is a political economist who says Australia is actually suffering from what he calls a "Costello hangover", with tax cuts leading to an unsustainably low revenue base. And he warns the crunch is coming - soon.
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Frank Stilwell, Professor Emeritus in the Department of Political Economy at the University of Sydney
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